Rio Grande do Sul toreceive $1.1bi fromBRICSBank

The New Development Bank (NDB), also known as the BRICS Bank, will allocate $1.115 billion to assistance measures for Rio Grande do Sul state, in South Brazil. The announcement was made on social media Tuesday (May 14) by NDB President Dilma Rousseff. Since the end of April, the state has been hit hard by storms and floods.